New Office Condo
For Sale
$425,000
401-2200 Traders Rd, Greenville, TX 75402
Newly built office condos feature reception, multiple offices, break area, restroom, and a covered front entry.
Property Size1,250 SF
Price / SF$340
Days on Market398
Property Features for 401-2200 Traders Rd
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
5
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Tenancy
Single
Listing Agency:
Mckinney Real Estate Services
Listed By:
Toni Spray · License #0492686
(469) 688-8664
Source:
Exprealty
Added: Sep 20, 2025
Changed: Oct 21
Last Checked: Oct 20 at 11:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mckinney Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Newly built office condos are being developed for professional use and will include a reception area, multiple offices, a break area, and a restroom, along with a covered front entry. Each unit is planned with approximately 1,250 square feet under roof and includes five parking spaces per unit.
Construction is underway, with slab work reportedly poured between Sept 19 and Sept 30, and units are expected to be available by January 2026. The project is located in Greenville, about 0.5 miles from I-30, with easy access to SH Hwy 34, Roy Warren Parkway, FM 1570, and other area roads. The property is next to Gazebo Arbor green space.
A 4,996-square-foot whole building option is also available, alongside individual office condo units. The offering includes 20 units total, with 18 left to pick from at the time of the provided remarks.
Construction is underway, with slab work reportedly poured between Sept 19 and Sept 30, and units are expected to be available by January 2026. The project is located in Greenville, about 0.5 miles from I-30, with easy access to SH Hwy 34, Roy Warren Parkway, FM 1570, and other area roads. The property is next to Gazebo Arbor green space.
A 4,996-square-foot whole building option is also available, alongside individual office condo units. The offering includes 20 units total, with 18 left to pick from at the time of the provided remarks.
Key Highlights
- Newly built office condo concept with reception, multiple offices, break area, restroom, and covered front entry
- Approximately 1,250 SF under roof per unit and 5 parking spaces per unit
- 20‑unit office condo community with units available by January 2026 (18 left to pick from)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,852
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,040
$317.0K
Cap Rate 7%
$226,457
$226.5K
Cap Rate 9%
$176,133
$176.1K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.5K $21.96/SF
− Vacancy
−$6.3K −$5.05/SF
EGI
$21.1K $16.91/SF
− OpEx
−$5.3K −$4.23/SF
NOI
$15.9K $12.68/SF
Area
Hunt County, TX
Vacancy
23.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,040
Cap Rate 7%
$226,457
Cap Rate 9%
$176,133
Alternative Uses
Best Use
Office B
$226.5K
$198.2K – $264.2K
NOI $15,852 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $86,945 @ 7.0% cap · market cap 20.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 75402, TX
18,983
Population
8,024
Households
2.4
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
90.8 sq mi
ZIP Area
209
Density / Sq Mi
$77,602
Median Household Income
$46,076
Median Earnings
$1,414
Median Rent
$252,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Newly built office condos feature reception, multiple offices, break area, restroom, and a covered front entry.
Where is this office unit located?
The property is located at 401-2200 Traders Rd Greenville, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Newly built office condo concept with reception, multiple offices, break area, restroom, and covered front entry; Approximately 1,250 SF under roof per unit and 5 parking spaces per unit; 20‑unit office condo community with units available by January 2026 (18 left to pick from)
